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with us, mary from arizona, was forced to go back to work when her husband lost his job. start with you diane. put this in context for us how prevalent is this problem and how are you defining it? >> it's not about women going into the workforce cht that's been happening for a generation. this is about women who have been, maybe they worked part time. they've been homemakers. they're going in to be the breadwinners because their husband's income has been diminished. it's likely a permanent shift. it's a much lower base. the types of base women are getting are not the jobs being lost. >> why do you say it's permanent? >> you look at what's happening, there's a lot of factors. diminished 401(k)s. stock portfolios that are done. housing prices, down. the average american family's wealth has been diminished, so you need that two income more than ever. the other reality is more often than not, it's one income or one and a half at this point because the husbands are not getting the jobs they used to have. >> mary, would you share a little of your story with us? >> sure. my husband was laid of
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would be right. that's wrong. we don't have anymore money to spend. a lot of us don't have jobs anymore. this is a much deeper structural problem than obama is willing to accept. that's the number one problem. that's why we haven't had the recovery. joining us to explain it further is former secretary of labor under president clinton, robert rush. he's also chancellor of public policy at berkeley. his book "aftershock" the next economy in america's future will be out in september. secretary rush, do i have that roughly right? we have a confused crisis of confidence with a deep-seeded structural problem in the country? >> i think there is a deep-seeded structural problem. it's not just the business cycle. most people looking at this deep recession, this deep depression have said if you just get businesses and consumers to spend more, we'll be back up to where we should be, but there are deeper problems we are not addre addressing. >> let's talk about the problems. what caused the structural damage in the first place? >> for one people, people have fot had wage increases. if they do have
Search Results 0 to 2 of about 3

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